The start-up company PeMaJuMa aquired the prestigious tailoring company Regent in Bavaria with the legal assistance of Luther Rechtsanwaltsgesellschaft mbH. Now the only made-to-measure manufacturer with production facilities in Germany is back under German ownership.
Regent, the tailor-made suits manufacturer located in Weißenburg/ Bavaria, was finally owned by an Italian shareholder. Most recently, it had to file for bankruptcy on account of management problems. The takeover saved the insolvent company with a long tradition from breaking up and preserves about 50 jobs at the location in Weißenburg. The parties agreed not to disclose the details of the company purchase.
The investor behind PeMaJuMa is Dr Peter Krampf who was born in Weißenburg and who has more than 20 years of management experience, among others at Volkswagen AG, as a partner of McKinsey & Company and at the energy supplier EnBW. Then he founded the consultancy company Conadeo which advises clients of different sectors and sizes worldwide. In 2015, Dr Krampf established the investment company PeMaJuMa which has now effected its first major investment by acquiring Regent.
“At some stages, the transaction was not easy, in particular as essential basic conditions significantly changed right before the decisive contract negotiations.” said Dr Axel Mühl, Lead Partner at Luther Rechtsanwaltsgesellschaft. “We responded promptly to the altered situation and submitted a convincing contractual model to the insolvency administrator.”
“Luther’s team provided helpful and competent assistance in this transaction.” said Dr Peter Krampf who himself was responsible for several M&A transactions during his time as Manager of EnBW AG. “A major advantage was in particular Dr Mühl’s many years of experience in the advice of medium-sized companies which helped to conduct the transaction very quickly. This was a substantial contribution to the success of the transaction, as the time requirements in insolvency proceedings are very strict.”
On behalf of PeMaJuMa
Luther Rechtsanwaltsgesellschaft mbH, Stuttgart: Dr Axel Mühl (Partner, Lead), Dr Ulrich Philippi (Partner), Matthias Fickert, Thomas Gfrörer, Kathrin Rettner (all Mergers & Acquisitions), Dietmar Heise (Partner, Employment Law), Carsten Senze (Partner), Dr Heiko Zimmer M.J.I. (both Intellectual Property and Copyright Law)
Luther Rechtsanwaltsgesellschaft mbH, Munich: Reinhard Willemsen (Partner, Insolvency Law)
On behalf of Regent
Dr Beck & Partner, Nuremberg: Attorney-at-Law Mechthild Bruche (Insolvency Administrator)
CMS Hasche Sigle, Munich: Alexander Ballmann, Dr Frauke Bemberg
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Dr Ulrich Philippi
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